Rational Decision Making Approach

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Definition: Rational Decision Making Approach

Rational Decision Making Approach
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Full Definition of Rational Decision Making Approach

A structured and methodical process which utilizes quantitative data and logic to assess business options and opportunities. Rational managers are generally guided by cost-benefit considerations and profit maximization in their decision-making process.

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Rational Decision Making Approach. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
February 04, 2025 https://payrollheaven.com/define/rational-decision-making-approach/.
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Rational Decision Making Approach. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/rational-decision-making-approach/ (accessed: February 04, 2025).
American Psychological Association (APA):
Rational Decision Making Approach. PayrollHeaven.com. Retrieved February 04, 2025
, from PayrollHeaven.com website: https://payrollheaven.com/define/rational-decision-making-approach/

Definition Sources

Definitions for Rational Decision Making Approach are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 16th November, 2021 | 0 Views.